Havnt been on the markets for a few days, and just noticed the value is dropping like mad!

whats going on with this? why is it dropping so fast?

More people selling than buying.

If what you said is true, Bitcoin Swami (damn, I like you name--not tongue-in-cheek), then if the price was rising fast, would it be because more people are buying than selling? I not a market guy, hence the question. I'm an image guy.

If what you said is true, Bitcoin Swami (damn, I like you name--not tongue-in-cheek), then if the price was rising fast, would it be because more people are buying than selling? I not a market guy, hence the question. I'm an image guy.

If what you said is true, Bitcoin Swami (damn, I like you name--not tongue-in-cheek), then if the price was rising fast, would it be because more people are buying than selling? I not a market guy, hence the question. I'm an image guy.

+ Why is the price falling?- Cause people are selling.+ Why are people selling?- Cause they think the bitcoin is worth less than it is traded at now.+ Why don't they trust in bitcoin anymore?- Cause they read the bad news.+ What bad news?

If I wouldn't be in with more % of my personal belongings than I consider reasonable, I would buy now. What do the traders know what I don't know? I guess that's the OP's question.

+ Why is the price falling?- Cause people are selling.+ Why are people selling?- Cause they think the bitcoin is worth less than it is traded at now.+ Why don't they trust in bitcoin anymore?- Cause they read the bad news.+ What bad news?

If I wouldn't be in with more % of my personal belongings than I consider reasonable, I would buy now. What do the traders know what I don't know? I guess that's the OP's question.

What the traders know is that the momentum is going downward (conference fizzled, end of the month, end of the week, miners have to pay for their rigs, yadda yadda yadda). They also know exactly when they'll come in to buy again.

It's more profitable to buy and sell coins then it is to mine them.You buy at 6-7 dollars that drives the price back up then sell at 11-12 dollars and that drives the price back down and you keep doing it over and over

It's more profitable to buy and sell coins then it is to mine them.You buy at 6-7 dollars that drives the price back up then sell at 11-12 dollars and that drives the price back down and you keep doing it over and over

but right now i think that's whats causing the price swings.I don't think the price will go over 12 dollars for a long time.right now you're making money and buying back the same coins so you don't lose anything

but right now i think that's whats causing the price swings.I don't think the price will go over 12 dollars for a long time.right now you're making money and buying back the same coins so you don't lose anything